Taxes And Your Credit Score
Since its introduction in 1861, “Tax Day” has loomed as a day of inevitable fiscal obligation. As the 15th of April approaches, stresses related to tax filings inevitably ramp up. To some, tax burdens may become too much to shoulder, leading to filings for extensions or an uncomfortable loss of funds. However, yearly tax payments can result in an even more uncomfortable reality – damage to your credit. Here to discuss how Uncle Sam affects your credit score is Gerri Detweiler, credit.com’s personal finance expert.